## ECON 256: Poverty, Growth & Inequality

### Course Information

Time: 2:55-4:10PM Sun, Tues

Location: LA12

Website: http://rossbach.georgetown.domains/econ256.html

Office Hours: 1:45-2:45 PM Tues, 0D25

Contact: jack.rossbach@georgetown.edu

*Changelog (Updated: Jan 1, 2017)*

### Lecture Notes & Slides

**First Half of Semester**

*Introduction to Poverty and Growth*

Introduction and Cross-Country Income Differences (Introductory Opinion Survey and Results)

Slides on Deriving Formulas for Convergence
(Notes on Time to Convergence and Excel Example and Japan Catchup)

Roland Slides on the Development Gap and Poverty

Comment on Relative Growth vs Growth in Levels

*Case Studies of Growth and Decline*

Case Studies for Korea, China, and Argentina (Economist article on Argentina's National Account Statistics)

*Population Growth*

Slides on Population Growth (Roland Slides Fertility Choices, WorldBank Blog on Population Growth Slowdown)

*Growth Models*

Kim Ruhl Slides on Production Functions

Malthusian Growth Model

Solow Growth Model

*More Growth Models*

Endogeneous TFP Growth

Structural Change

*Growth Accounting*

Growth Accounting Slides

Notes on How to Do Growth Accounting

Mexican Growth Accounting Example

*Wrapping Up First Half*

Recap and Plan moving Forward

*Second Half of Semester**Causality*

Correlation vs Causation (Ted Talk on Correlation vs Causation; R code for: computing correlation, statistical artifacts, regression to the mean)

Quick Regression Primer

Causality in Development (Paul Romer Ted Talk on Charter Cities)

*Equality of Opportunity & Equality of Outcomes*

Education and Development (Video on Economic Despair)

Selection of Articles: LA Times Article on Teacher Value Added, NYT Article on Teaching to the Test, Diffusion of Teacher Quality Across Schools in NYT

Chetty Slides on MTO Program and on Life Expectancy and Income Equality (Chetty on American Dream)

Chetty, Hendren, Katz (2016) Paper on Neighborhood Effects on Children

Equality of Opportunity Project (Income Inequality and Student Outcomes and NYT Mobility Map)

*Misallocation*

Misallocation and Development

Aid and Development (World Bank Blog on Direct Transfers)

*Microfinance*

Slides on Financial Markets (Muhammad Yunus on Grameen Bank, Video on Microcredit Benefits, BBC Video on Microfinance)

### Final Preparation

Final Guide

Final Sample Math Questions (Solutions)

### Problem Set 2

Problem Set 2

Template for Submitting Answers for Problem Set 2

STATA File with Data for Question 1 (STATA Code for Regressions )

Excel File with India Data for Question 2

Completed Misallocation Exercise for Chile (Simple Two Firm Example of Misallocation)

Primer on IVs in Stata (Stata IV Code)

### Problem Set 1

Problem Set 1

Template for Answers

R Code for Q1

Growth Accounting Data for Q2

Census Table for Q1

Intuition Exercise for Q1 (Online Coin Flipper)

### Midterm Preparation

Midterm Guide

Midterm Sample Math Questions (Solutions)

List of Concepts and Key Terms

### Worksheets

Handout for Worksheet on Growth Rates (Solution)

Handout for Worksheet on Poverty and Inequality (Solution)

Handout for Worksheet on Solow Growth Model (Solution)

Handout for Worksheet on Correlations (Solution; Q1 R-Code: Built in Functions, Q1 R-Code: Worksheet Formulas, Excel File with Data for Question 3)

Handout for Worksheet on Regressions (Solution;Q1 R-Code, Q2 R-Code, Excel File with Graphs for Question 2, Stata Code)

### Miscellaneous

Two Dollars a Day in the US, No American's Under $2 a day, World Bank Monitoring Global Poverty Report

### Data Sources

**Data Visualization**- UN Human Development Data on Google Public Data Explorer: http://hdr.undp.org/en/data-explorer
- Gapminder: http://www.gapminder.org/world/
- World Bank eAtlas: http://www.app.collinsindicate.com/worldbankatlas-global/en-us
**Country-level Data**- World Development Indicators: http://databank.worldbank.org/data/home.aspx
- PovcalNet Global Poverty Estimates: http://iresearch.worldbank.org/PovcalNet/
- Penn World Table (PPP Data): http://www.rug.nl/research/ggdc/data/pwt/
**Misc Data**- The Big Mac Index: http://www.economist.com/content/big-mac-index